Any Bets on What the FED will do Next Week?
Most expect the fed to lower interest rates again next week. The question is by how much. A .25 cut would really do little in my opinion. A .5 one is more likely. But I say make it .75. It would be a big enough splash as to really make equities more attractive just from a yield perspective alone. I submit that would even push the DOW back over 9k and even closer to 10k. We really are getting too close to the Oct 10 bottom which could be tested yet again, I fear, on Friday. The redemptions and margin calls are just snowballing too much. This market really has become a casino now. I really don't even want to look at my portfolio anymore until 2010 (tho could be a nice surprise with all the dividends accumulating).